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• 07:16, 7 August 2026 WikiSysopIG talk contribs created page Depreciation (Created page with "'''Depreciation''' is the systematic allocation of the depreciable amount of a tangible long-term asset over its estimated useful life. It is an accounting method used to recognize the gradual consumption, wear and tear, obsolescence, or decline in the economic value of assets such as buildings, machinery, equipment, vehicles, and other Property, plant and equipment. Rather than representing the market value of an asset, depreciation allocates its cost as an expense...") Tag: Visual edit